Vara United Associate/Senior Associate -(Nontechnical) Interview Questions and Answers

KYC stands for Know Your Customer. It is a process of verifying the identity of a customer before providing them with a service.

• KYC is a regulatory requirement in many industries such as banking, insurance, and telecommunications.

• It involves collecting and verifying personal information such as name, address, and identification documents.

• The purpose of KYC is to prevent fraud, money laundering, and terrorist financing.

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